Lonnie possible retrace towards the 1.2500 (Psychological Leve)
USD/CAD just started a potential run toward the upward side of the market after taking a break from the hefty fall in price since 30th of September, the price resumed a retracement from 1.2290 monthly low, and it has been keeping the momentum steady.
Moreover, there is a possibility of the price rising to 38.2% fib level and by so doing, testing the previous support level at 1.2500, which the bears could possibly be using as a new resistance zone. Either way, the general overview of the market is BEARISH.
Moreover, there is a possibility of the price rising to 38.2% fib level and by so doing, testing the previous support level at 1.2500, which the bears could possibly be using as a new resistance zone. Either way, the general overview of the market is BEARISH.